Portugal’s igaming market enjoyed another record-breaking quarter at the end of 2020, with revenue beating the market’s previous high by more than a third. It was largely sports betting that pushed the market up to €113.2m in the fourth quarter, a figure that represented a 34.4% quarter-on-quarter rise and a 73% increase on the final quarter of 2019.
Sports betting GGR accounted for €64.1m of this, up more than 50% on the previous quarter and 92% on the same period the previous year.
Football was the most popular sport with bettors by some distance, making up 86.7% of turnover, followed by basketball at 5.2% and tennis at 4.9%.
Punters were so keen to return to betting after the Covid-19-related sporting shutdowns that the vertical swung back to a decisive lead over casino in the quarter. In Q4 sports betting accounted for 56.6% of the market, the highest percentage since 2017.
And though its performance was not quite as impressive as sports betting, casino revenue also broke recor..
Portugal’s igaming market enjoyed another record-breaking quarter at the end of 2020, with revenue beating the market’s previous high by more than a third.
It was largely sports betting that pushed the market up to €113.2m in the fourth quarter, a figure that represented a 34.4% quarter-on-quarter rise and a 73% increase on the final quarter of 2019.
Sports betting GGR accounted for €64.1m of this, up more than 50% on the previous quarter and 92% on the same period the previous year.
Football was the most popular sport with bettors by some distance, making up 86.7% of turnover, followed by basketball at 5.2% and tennis at 4.9%.
Punters were so keen to return to betting after the Covid-19-related sporting shutdowns that the vertical swung back to a decisive lead over casino in the quarter. In Q4 sports betting accounted for 56.6% of the market, the highest percentage since 2017.
And though its performance was not quite as impressive as sports betting, casino revenue also broke records during the fourth quarter of 2020. GGR rose to a new high of €49.1m, up 17.7% on the previous quarter and 53.4% on the same period of 2019.
Slots made up the bulk of this (71.1%), followed by French roulette (12.6%) and blackjack (6.4%).
Although Portugal didn’t look to have experienced the same poker boost as other markets while sports betting was unavailable last year, interestingly it does seem to have seen the same slump in poker since sports came back online.
The market shares of both cash and tournament poker declined further in the fourth quarter, after significant falls in Q3, with 30% and 87.5% decreases in their respective market shares on a year-on-year basis.
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All data and figures are processed by Ficom Leisure following the the official release of the figures by Portuguese regulator the Serviço de Regulação e Inspeção de Jogos (SRIJ). Ficom Leisure is a leading European corporate advisory firm specialising in all segments of the betting and gaming sector.
